Key Challenges

Portfolio management is desirable, but it requires a strong commitment from both business leaders and IT. Following are some of the challenges of implementing the PPM process:^**

• Getting consensus isn't easy. Portfolio analysis may disturb power equations within an organization. Some business leaders may fear losing power if applications in the portfolio are retired or merged with other enterprise applications as a result of the findings from portfolio analysis.
• Getting quality information isn't easy. The project and application database has to be updated regularly. Constant status updates for each project are required to ensure fast reaction to any market changes.
• A single software application doesn't exist that can perform all the functions in an organization. There are excellent enterprise applications that perform many jobs, from resource management, to manufacturing support, to account maintenance. But many other jobs will require you to deploy different process-specific applications.